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The crypto market keeps going further down because every day there’s hundreds of articles of "news" reports going with some some doomsday promoting theme. Just
by Firebrand 9y ago
The crypto market keeps going further down because every day there’s hundreds of articles of "news" reports going with some some doomsday promoting theme. Just today some scientific report claiming bots were responsible for bitcoin's rise from $150-$1000, and now the media is taking advantage of everyone’s fear of a rising China by claiming the PRC will start freezing bank accounts, etc.
Everyone is being played. If you’ve been paying attention to the news for the past two years know how easy it is to put out fake news articles. You know that fake news has been used to alter perceptions and maybe mess with elections. This is no different. Dropping false news reports to mess with market prices to cause market swings for profit is straight out of the textbook.
There is quite a lot money at play, and you'd be naive to think that all the random articles popping up on HN today are intended to do anything other than instill further panic and sell-offs. Do yourself and everyone a favor, start spreading awareness of the fake news about crypto! I kinda like this community and I would hate HN to lose to what is an egregious and coordinated effort to induce panic and destroy the crypto market.
- stanleydrew 9y ago> Everyone is being played. How do we know that you're not also playing us, just from the opposite side?
- suckmydang 9y agoClassic paranoid delusions. No evidence arguments.
- croon 9y agoWhich news specifically, are fake news? How is anyone being played? If cryptocurrencies indeed are underpriced right now you can get in right now and make 50%+ when it goes up again. Maybe, just maybe, enough people are starting to look down and see that they've run off a cliff and no longer have ground under their feet. These are assets built on the promise of potential future use. Blockchain will live, but ArbitraryCoin? Who knows.